An Upper East Side penthouse co-op formerly home to late billionaire businessman Edgar Bronfman Sr. of the Seagram Company empire is in contract for $70 million.
If the deal closes, that would make it the all-time priciest purchase of a New York City co-op, topping music mogul David Geffen’s purchase at 785 Fifth Avenue for $54 million in 2012, the New York Post reported. Bronfman’s family put the five-bedroom, eight-bathroom unit at 960 Fifth Avenue, between 77th and 78th streets, on the market for $65 million back in February, as previously reported.
The undisclosed buyer in contract would also pay more than $19,000 per month in maintenance charges. Brown Harris Stevens’ Mary Rutherfurd, Alina Pedroso and Leslie Coleman have the listing.
“The apartment needs work. It needs a complete gut renovation. It is nothing like what you would build today. It doesn’t have the right flow,” a source told the New York Post.
Bronfman died in December at the age of 84. [NYP] — Mark Maurer